STEP BY STEP PLEASE. EXAM TOMORROW

1. compute the following: dm price and quantity variance, dl rate and efficiency variance, var oh spending and efficiency variance, fix oh budget and volume variance, total var and fix oh var,Use the following information: the product is a wind chime- st. var costs for one wind chime (unit) are as follows:

Dm (3 yards at $12.50 per yard)= $37.50

DL ( 2 hours at $9 per hour)=$18

varoh ( 2 hours @$5 per direct labor hour)=10

fixed oh (2